Model for fostering trust and building relationships in China's construction industry
Jin, Xiao-Hua and Ling, Florence Yean Yng 2005, Model for fostering trust and building relationships in China's construction industry, Journal of construction engineering and management, vol. 131, no. 11, pp. 1224-1232.
Attached Files
(Some files may be inaccessible until you login with your Deakin Research Online credentials)
Name
Description
MIMEType
Size
Downloads
Title
Model for fostering trust and building relationships in China's construction industry
Trust is an underlying psychological condition that can cause cooperation or risk-taking. Trust is considered as a predominant feature and a central mechanism in business transactions, especially among Chinese. Trust-based relationships create advantages in conducting business such as lowering cost, shortening duration, and improving performance. Indispensable conditions for trust to arise are relationships and risks. Different risks surface as a result of different levels of relationships. Sustained trust is therefore fostered by various means to counterbalance those risks. In order to assess the links between distinct trust-related features, a model is constructed and tested through a questionnaire survey in China. The findings generally support the model in terms of explaining the dominant relationships, inherent risks, and trust-fostering tools. It is recommended that firms adopt the refined model and utilize successful practices verified in this paper to foster trust and relationships and in turn secure project success.
Language
eng
Field of Research
120201 Building Construction Management and Project Planning